Project Procurement Management

Plan Purchases and Acquisitions - Plan Procurement

Plan Contracting

Request Seller Responses

Select Sellers

Contract Administration

Contract Closure


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Whizlabs



Plan Purchases and Acquisitions - Plan Procurement

Tools and Techniques
1. Make-or-buy analysis: Determines whether particular work can be best accomplished by the project team or purchased from outside sources.
2. Expert Judgment: Used to assess the inputs and outputs of this process, including
expert purchasing judgment, expert legal judgment, expert technical judgment, expert business judgment
3. Market Research:Examines industry-wide and vendor-specific capabilities. (You can say procurement research)
4. Meetings Information exchange with potential bidders.

Plan Contracting

The plan contracting process prepares the documents needed to support the Request Seller Responses process and Select Sellers (Suppliers) Process.

Tools and Techniques
1. Standard forms
2. Expert judgments


Request Seller Responses

Tools and Techniques
1. Bidder Conferences
2. Advertising
3. Develop Qualified Sellers List

Select Sellers

Tools and Techniques
1. Weighting System
2. Independent Estimates
3. Screening System
4. Contract Negotiation
5. Seller Rating System
6. Expert Judgment
7. Proposal Evaluation Technique

Contract Administration

Tools and Techniques
1. Contract Change Control System
2. Buyer-Conducted Performance Review
3. Inspections and Audits
4. Performance Reporting
5. Payment System
6. Claims Administration
7. Records Management System
8. Information Technology

Contract Closure

Tools and Techniques
1. Procurement Audits
2. Records and Management